Land Securities Group (LON:LAND) Reaches New 12-Month High – What’s Next?

Land Securities Group Plc (LON:LAND) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 658.50 and last traded at GBX 658.50, with a volume of 5032897 shares changing hands. The stock had previously closed at GBX 648.

Analyst Ratings Changes

Several analysts have issued reports on LAND shares. Panmure Gordon upgraded Land Securities Group to a “buy” rating and boosted their price objective for the stock from GBX 424 to GBX 494 in a report on Tuesday, December 2nd. Jefferies Financial Group restated an “underperform” rating and set a GBX 475 price target on shares of Land Securities Group in a report on Monday, November 17th. JPMorgan Chase & Co. upped their price target on shares of Land Securities Group from GBX 425 to GBX 440 and gave the company a “neutral” rating in a research report on Thursday, November 27th. Peel Hunt lowered their price objective on shares of Land Securities Group from GBX 760 to GBX 750 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Finally, UBS Group restated a “buy” rating and issued a GBX 725 target price on shares of Land Securities Group in a report on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Land Securities Group has an average rating of “Moderate Buy” and an average target price of GBX 644.43.

Land Securities Group Stock Performance

The firm has a market cap of £4.85 billion, a price-to-earnings ratio of 19.56, a P/E/G ratio of 12.39 and a beta of 1.44. The company has a debt-to-equity ratio of 59.04, a current ratio of 0.42 and a quick ratio of 0.54. The firm’s 50 day moving average price is GBX 618.90 and its 200-day moving average price is GBX 599.33.

Land Securities Group (LON:LAND) last posted its quarterly earnings results on Friday, November 14th. The company reported GBX 25.80 earnings per share for the quarter. Land Securities Group had a negative net margin of 38.71% and a negative return on equity of 4.88%. On average, analysts anticipate that Land Securities Group Plc will post 49.8433829 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Anne Richards purchased 16,497 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were acquired at an average price of GBX 603 per share, with a total value of £99,476.91. Also, insider Baroness Casey bought 500 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were purchased at an average price of GBX 615 per share, with a total value of £3,075. Insiders have acquired 17,142 shares of company stock worth $10,344,848 over the last ninety days. Company insiders own 0.53% of the company’s stock.

Land Securities Group Company Profile

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in Europe, with a £12 billion portfolio of retail, leisure, workspace and residential hubs. Landsec is shaping a better future by leading our industry on environmental and social sustainability while delivering value for our shareholders, great experiences for our guests and positive change for our communities.